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TSLA
Business Insider
174 days

Elon Musk said Tesla used internet videos to train self-driving tech in China

1. Tesla launched self-driving features in China using internet videos for training. 2. Feature rollout focuses on driver-assist, not full autonomy. 3. BYD offers free self-driving software, increasing competition for Tesla. 4. Tesla's vehicle sales declined for the first time in a decade. 5. Elon Musk emphasizes Tesla's evolution into an AI and robotics company.

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FAQ

Why Bearish?

Increased competition from BYD and declining sales could pressure TSLA's stock, similar to 2022 sales drop.

How important is it?

The introduction of new features and increased competition can significantly influence TSLA's market position and investors' sentiment.

Why Short Term?

Immediate competitive pressures in China are likely to impact TSLA’s sales and market sentiment shortly.

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